[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-detail-303722-en":53,"doc-seo-303722-105":75},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":5,"data":54},{"doc_id":55,"user_id":56,"nickname":57,"user_avatar":58,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":60,"doc_content":61,"file_id":62,"file_url":63,"file_type":64,"file_size":65,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":66,"language":67,"language_code":68,"site_id":69,"html_lang":68,"table_of_contents":70,"faqs":71,"seo_title":72,"seo_description":60,"update_tm":73,"read_time":74},303722,2336478945519,"Franzy","https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Form 2553 - Instructions - Election by a Small Business Corporation","Election-by instructions for Form 2553 (Rev. December 2007) outlining how an eligible domestic corporation may elect S-corporation status under section 1362(a). Covers who may elect, eligibility tests including shareholder limits, permitted shareholder types, stock class requirements, and ineligible corporations. Provides guidance on related elections (QSST, ESBT, qualified subchapter S subsidiary) and when to file, including timing rules and example filing windows for calendar and prior-tax-year situations.","Instructions for Form 2553 (Rev. December 2007)  \nElection by a Small Business Corporation  \nDepartment of the Treasury  \nInternal Revenue Service  \nSection references are to the Internal Revenue Code unless otherwise noted.  \n What’s New  \n For tax years ending on or after December 31, 2007, certain   corporations (entities) with reasonable cause for not timely   filing Form 2553 can request to have the form treated as   timely filed by filing Form 2553 as an attachment to Form   1120S, U.S. Income Tax Return for an S Corporation. An   entry space for an explanation of reasonable cause was   added to page 1 of the form. See Relief for Late Elections.   \nGeneral Instructions Purpose of Form  \nA corporation or other entity eligible to elect to be treated asa corporation must use Form 2553 to make an election under section 1362(a) to be an S corporation. An entity eligible to elect to be treated as a corporation that meets certain tests discussed below will be treated as a corporation as of the effective date of the S corporation election and does not need to file Form 8832, Entity Classification Election.  \nThe income of an S corporation generally is taxed to the shareholders of the corporation rather than to the corporation itself. However, an S corporation may still owe tax on certain income. For details, see Tax and Payments in the Instructions for Form 1120S.  \nWho May Elect  \nA corporation or other entity eligible to elect to be treated asa corporation may elect to be an S corporation only if it meets all the following tests.  \n1. It is (a) a domestic corporation, or (b) a domestic entity eligible to elect to be treated as a corporation, that  \n D  \ntimely files Form 2553 and meets all the other tests listed below. If Form 2553 is not timely filed, see Relief for Late  Elections on page 2.   \n2. It has no more than 100 shareholders. You can treat a husband and wife (and their estates) as one shareholder for this test. You can also treat all members of a family (as defined in section 1361(c)(1)(B)) and their estates as one shareholder for this test. All others are treated as separate shareholders. For details, see section 1361(c)(1) .  \n3. Its only shareholders are individuals, estates, exempt organizations described in section 401(a) or 501(c)(3), or certain trusts described in section 1361(c)(2)(A) .  \nFor information about the section 1361(d)(2) election tobe a qualified subchapter S trust (QSST), see the instructions for Part III. For information about the section 1361(e)(3) election to be an electing small business trust (ESBT), see Regulations section 1.1361-1(m) . For guidance on how to convert a QSST to an ESBT, see Regulations section 1.1361-1(j)(12) . If these elections were not timely made, see Rev. Proc. 2003-43, 2003-23 I. R. B. 998.  \n4. It has no nonresident alien shareholders.  \n5. It has only one class of stock (disregarding differences in voting rights) . Generally, a corporation is treated as  \nhaving only one class of stock if all outstanding shares of the corporation’s stock confer identical rights to distribution and liquidation proceeds. See Regulations section 1. 1361-1(l) for details.  \n6. It is not one of the following ineligible corporations.  \na. A bank or thrift institution that uses the reserve method of accounting for bad debts under section 585.  \nb. An insurance company subject to tax under subchapter L of the Code.  \nc. A corporation that has elected to be treated as a possessions corporation under section 936.  \nd. A domestic international sales corporation (DISC) or former DISC.  \n7. It has or will adopt or change to one of the following tax years.  \na. A tax year ending December 31.  \nb. A natural business year.  \nc. An ownership tax year.  \nd. A tax year elected under section 444.  \ne. A 52-53-week tax year ending with reference to a year listed above.  \nf. Any other tax year (including a 52-53-week tax year) for which the corporation establishes a business purpose.  \nFor details on mak","cbCainw9T8eBxYrv","https://ap.wps.com/l/cbCainw9T8eBxYrv","pdf",205159,4,"English","en",105,"# General Instructions\n## Purpose of Form\n## Who May Elect\n## When To Make the Election","[{\"question\":\"What is the purpose of Form 2553?\",\"answer\":\"Form 2553 is used by an eligible corporation (or entity treated as a corporation) to make an election under section 1362(a) to be treated as an S corporation.\"},{\"question\":\"What are the key eligibility tests for electing S corporation status?\",\"answer\":\"The corporation must be domestic and timely file Form 2553, have no more than 100 shareholders, meet permitted shareholder-type rules, have only one class of stock, have no nonresident alien shareholders, and not be an ineligible corporation type.\"},{\"question\":\"When must Form 2553 be filed to make the election effective for a tax year?\",\"answer\":\"File it no more than two months and 15 days after the beginning of the tax year the election is to take effect, or at any time during the preceding tax year. Timing is calculated based on the tax year start date and the corresponding calendar dates described in the instructions.\"}]","Form 2553 - Instructions - Election by a Small Business Corporation | PDF",1789806472,2,{"code":4,"msg":76,"data":77},"ok",{"site_id":69,"language":68,"slug":78,"title":59,"keywords":79,"description":60,"schema_data":80,"social_meta":134,"head_meta":136,"extra_data":138,"updated_unix":139},"form-2553-instructions-election-by-a-small-business-corporation","",{"@graph":81,"@context":133},[82,96,116],{"@type":83,"itemListElement":84},"BreadcrumbList",[85,89,91,94],{"item":86,"name":87,"@type":88,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":90,"name":10,"@type":88,"position":74},"https://docshare.wps.com/template/",{"item":92,"name":36,"@type":88,"position":93},"https://docshare.wps.com/template/forms/",3,{"item":95,"name":59,"@type":88,"position":66},"https://docshare.wps.com/template/form-2553-instructions-election-by-a-small-business-corporation/303722/",{"url":95,"name":59,"@type":97,"image":98,"author":103,"headline":59,"publisher":105,"fileFormat":108,"inLanguage":68,"description":60,"dateModified":109,"datePublished":110,"encodingFormat":108,"isAccessibleForFree":111,"interactionStatistic":112},"DigitalDocument",{"url":99,"@type":100,"width":101,"height":102},"https://docshare.wps.com/thumbnails/form-2553-instructions-election-by-a-small-business-corporation/303722.png","ImageObject",442,249,{"name":57,"@type":104},"Person",{"url":86,"name":106,"@type":107},"DocShare","Organization","application/pdf","2026-09-29","2026-09-19",true,{"@type":113,"interactionType":114,"userInteractionCount":47},"InteractionCounter",{"@type":115},"ViewAction",{"@type":117,"mainEntity":118},"FAQPage",[119,125,129],{"name":120,"@type":121,"acceptedAnswer":122},"What is the purpose of Form 2553?","Question",{"text":123,"@type":124},"Form 2553 is used by an eligible corporation (or entity treated as a corporation) to make an election under section 1362(a) to be treated as an S corporation.","Answer",{"name":126,"@type":121,"acceptedAnswer":127},"What are the key eligibility tests for electing S corporation status?",{"text":128,"@type":124},"The corporation must be domestic and timely file Form 2553, have no more than 100 shareholders, meet permitted shareholder-type rules, have only one class of stock, have no nonresident alien shareholders, and not be an ineligible corporation type.",{"name":130,"@type":121,"acceptedAnswer":131},"When must Form 2553 be filed to make the election effective for a tax year?",{"text":132,"@type":124},"File it no more than two months and 15 days after the beginning of the tax year the election is to take effect, or at any time during the preceding tax year. Timing is calculated based on the tax year start date and the corresponding calendar dates described in the instructions.","https://schema.org",{"og:url":95,"og:type":135,"og:title":59,"og:site_name":106,"og:description":60},"article",{"robots":137,"canonical":95},"index,follow",{"doc_id":55,"site_id":69},1790206835]